Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
19
May
2015

ISBN: 9781513551081

This paper identifies, quantifies, and assesses fiscal risks in Bangladesh. By performing
sensitivity analysis and using stochastic simulations, it measures risks arising from shocks to
GDP growth, the exchange rat...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
19
November
2012

ISBN: 9781557754967

This paper examines debt dynamics in the Caribbean and discusses policy options for reducing the high debt levels. Based on empirical studies of factors underlying global large debt reduction episodes, important po...

The paper develops a simple, integrated methodology to project public pension cash flows and healthcare
spending over the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile,...

ISBN: 9781484326107

This paper estimates the fiscal costs of population aging in Latin America and provides policy recommendations on reforms needed to make these costs manageable. Although Latin American societies are still younger t...

This paper reconsiders the effects of fiscal policy on long-term interest rates employing a Factor Augmented Panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset...

ISBN: 9781484349885

We construct a comprehensive public sector balance sheet for Finland from 2000 to 2016 by complementing general government statistics with data on public corporations and public pensions. We show that exposure to v...

Publication Date:
26
October
2015

ISBN: 9781513544885

This Staff Discussion Note looks at the stark fiscal challenges posed by the decline and aging of populations between now and 2100. It finds that without reforms, pensions and health spending would rise to 25 perc...

ISBN: 9781484381991

This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA sho...

Publication Date:
28
September
2015

ISBN: 9781513507736

Fiscal reporting is intended to warn of fiscal crises while there is still time to prevent them. The recent crisis thus seems to reveal a failure of fiscal reporting: before the crisis, even reports on fiscal risk...

ISBN: 9781484326107

This paper estimates the fiscal costs of population aging in Latin America and provides policy recommendations on reforms needed to make these costs manageable. Although Latin American societies are still younger t...